July 30, 2016 5:13 PM ET

Real Estate Management and Development

Company Overview of Akademiska Hus AB

Company Overview

Akademiska Hus AB owns and manages university and college properties in Sweden. As of December 31, 2015, it managed 3.22 million square meters of rentable space. The company was founded in 1992 and is based in Gothenburg, Sweden.

Stampgatan 14

Box 483

Gothenburg,  401 27

Sweden

Founded in 1992

421 Employees

Phone:

46 31 63 24 00

Key Executives for Akademiska Hus AB

Chief Executive Officer and President
Age: 60
Chief Financial Officer
Chief Procurement Officer
Acting Director of Accounting & Finance
Chief Information Officer and Director of Communications
Age: 47
Compensation as of Fiscal Year 2016.

Akademiska Hus AB Key Developments

Akademiska Hus AB Announces Earnings Results for the Second Quarter and Six Months Ended June 30, 2016

Akademiska Hus AB announced earnings results for the second quarter and six months ended June 30, 2016. For the quarter, the company reported rental revenue of SEK 1,358 million compared to SEK 1,381 million a year ago. Net operating income increased by SEK 24 million to SEK 958 million compared to SEK 982 million a year ago. For the six months, the company reported revenue of SEK 2,740 million compared to SEK 2,722 million a year ago. Net operating income was SEK 1,905 million compared to SEK 1,893 million, an increase of SEK 12 million, primarily attributable to revenue. Profit before tax for the period amounted to SEK 3,504 million compared to SEK 2,880 million and profit for the period was SEK 2,737 million compared to SEK 2,246 million a year ago. The increase can be attributed to positive changes in property values. Return on operating capital was 6.5% compared to 7.0% on a rolling 12-month basis.

Akademiska Hus AB Proposes Amendment to the Articles of Association

Akademiska Hus AB announced at its annual general meeting to be held on April 28, 2016, the shareholders proposed the amendments to the Articles of Association.

Akademiska Hus AB Reports Earnings Results for the First Quarter Ended of March 31, 2016

Akademiska Hus AB reported earnings results for the first quarter ended of March 31, 2016. For the period, the company’s rental revenue was SEK 1,382 million against of SEK 1,341 million. Revenue increased by SEK 43 million due to completion of new buildings. Net operating income was SEK 947 million against of SEK 911 million, an increase of SEK 36 million, which is largely attributable to increased income. Profit before tax for the period amounted to SEK 991 million against of SEK 1,211 million and profit for the period was SEK 755 million against of SEK 944 million.

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Recent Private Companies Transactions

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March 22, 2016
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Merger/Acquisition
November 26, 2015
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